Al Gore: Payroll taxes for pollutant taxes
Al Gore calls for a revenue-neutral tax swap, proposing a dismantling of all payroll taxes in the US in lieu of pollutant taxes, which I think is an idea well worth serious discussion and evaluation.
He also calls for a CO2 freeze, with reductions starting afterwards, which I don't imagine would go over too well...
He also calls for a CO2 freeze, with reductions starting afterwards, which I don't imagine would go over too well...
posted by Jacques Beau Vert at 12:00 PM
8 Comments:
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Sorry I misunderstood his plan. Gore only recommends the removal of social security and EI payments by business which retard job growth. It sounds like a decent idea and would spur a greener economy.
my problem, as I said over on my site, is that some it would be good if a carbon tax reflected something of the true costs of carbon emissions, rather than being a revenue-neutral approach.
only because I understand the revenue-neutral approach means the carbon tax starts paying for non-environment related expenses like embassies.
Cool - my understanding is that rather than an extra tax this would be replacement tax, which would make it more attractive to businesses and industries to jump on board. "Work with us on this, we'll work with you on that." Rather than embassies, it would replace (some certain) current business costs already being paid, AND give an opportunity/incentive to lower those costs. Instead of salaries and such, it would only go to, as Brian says, social security which are already being paid by businesses.
Although I like the idea of a carbon tax I have little faith that the governments would have the knowledge (or be able to find it) to be able to implement it properly.
Some businesses naturally require more energy or produce more carbon dioxide as part of their basic requirements.
What would need to be done is a complete assessment of all industries to examine IF as well as HOW they can reduce their CO2 emissions. Otherwise you are penalizing certain industries excessively. Everything would then need to be measured from the defined 'lower limit'.
For businesses this would then be a win-win because they would get to save money by becoming more efficient and they would get tax cuts to boot.
But, like I said, I don't believe that our governments could come up with a plan to do that realistically.
However, in defence of Al Gore, he did say that he doesn't have a blueprint for all this. He's simply trying to encourage governments to consider these measures and sort out the details themselves.
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